CATEGORIES

Vi losses narrow to 6,986 cr in Dec qtr on one-time gain

Debt-laden Vodafone Idea's losses narrowed to 16,986 crore in the quarter ended December 2023, from 17,990 crore a year ago, helped largely by a gain of ₹755 crore from a favourable order on a litigation with the government.

ICAR budget set to rise amid focus on food production

The expected allocation hints at the Centre's commitment to bolstering agricultural research

Foreign embassies urged to allot pvt hospitals to patients directly

As part of the Centre's efforts to boost medical tourism in the country, the Union health and Family Welfare Ministry is emphasising on directly allotting the foreign nationals to private hospitals via respective embassies, according to two officials aware of the matter.

Brazil in talks to open its dairy market for Indian produce

India and Brazil are discussing a proposal to open the Brazilian market for Indian a proposal to open the Brazilian market for Indian dairy products, including camel milk and special cheese, two senior officials from the two countries said.

Coal India eyes more thermal plants, in talks with UP, two other states

With India's renewed push for coal-fired power generation, state-run Coal India is looking at expanding its thermal power generation portfolio in the country.

Stocks take a leap; stormy seas ahead

Reliance, bank stocks boost indices 1.8%, but volatility is rising

'Need to create jobs, sweeten new regime for personal I-T'

More jobs need to be created in the economy in line with its growth, especially for the urban young, and the new personal income tax (I-T) regime needs to be further sweetened to encourage its adoption, Bibek Debroy, chairman of Prime Minister Narendra Modi's Economic Advisory Council (EAC-PM), said.

Byju's rights issue at $225 mn valuation

Edtech company Byju's has agreed to a post-money valuation of $225 million as it approaches existing investors for $200 million to stay afloat, two people aware of the matter said, a stunning decline from the $22 billion it commanded as the country's most valued startup just two years ago.

HDFC to sell HDB stake over time

HDFC Bank Ltd plans to sell some of its shareholding in subsidiary HDB Financial Services over some time, two people aware of the matter said on condition of anonymity.

FinMin sees growth crossing RBI view

Even as the finance ministry expects FY24 economic growth to exceed the central bank's projection of 7%, it also expects growth in the following year, FY25, to be close to 7%, even though geopolitical risks could lead to supply chain disruptions and a rise in inflation.

'Coffee Badging' May Not Be Good For Workplaces

People have found a unique way to get around return to office mandates: socialize, mark attendance, leave

FPIs Raise Bearish Bets, To Keenly Eye Budget, Fed Meet

Foreign portfolio investors (FPIs), whose assets under custody in India stand at $758.4 billion, have closed out bullish positions and created huge bearish positions on index futures (Nifty and Bank Nifty) contracts ahead of a key meeting of the US monetary policy body, or FOMC (federal open market committee), on 30 and 31 January, and India’s interim budget on 1 February.

Health Ministry To Expand Diagnostic Services

The Union health ministry is planning to expand diagnostic services available in its health and wellness centre named Ayushman Arogya Mandir, according to two officials aware of developments in the matter.

Why Keeping Tabs On Your Productivity Does Not Help

Productivity guilt can drum up the anxiety to maximize each minute of each day, pushing workers into burnout and into giving up

Why Elon Musk Is Comparing Index Fund Consultants To ISIS

Musk worries about the power other shareholders have over Tesla, and the advice they get

Why More Chinese Workers Are Settling For Less Pay

For many people in China these days, getting a job a good one that pays enough is.

Zee-Sony: What Next After The Merger Collapse?

Both sides stand to lose, Zee more than Sony, especially if Reliance buys out Disney's assets in India

Stressed workers use singing bowls to sleep

culture is A high-stress, high-pressure pushing many youngsters to 'lie flat'

A classic scramble for deposits has erupted among banks again

Low interest rates, bank inertia and structural changes have made deposits hard to find in the face of rising credit demand

Panchayati raj: It needs funding empowerment

An RBI report on finances of panchayati raj institutions addresses a long-felt gap. We have a long way to go before local governance realizes its potential and delivers on its promise

Blast from the past: Can these mega funds regain their mojo?

Their returns have varied across different time-periods due to changes in market dynamics and other reasons

Nitish Kumar rejoins NDA, is now Bihar CM for ninth time

PM Modi said he is sure the new Bihar government will serve the people dedicatedly

India may leverage LoCs to pitch its DPI stack to developing nations

The government is considering leveraging its lines of credit to offer digital public goods and infrastructure stacks to other developing countries, two people aware of the plan said.

The S&P 500 rallied to records on the back of just one sector

The S&P 500 is back at record levels for the first time in two years. Information technology is the only one of the index's ll sectors that can say the same.

Kakkar: Quality of ads has turned poor

Eminent ad film director Kakkar said the Prahlad quality of advertising has turned poor in the country but things will change for the better.

Swiss chocolatier Läderach eyes India expansion

India's burgeoning appetite for luxury, particularly Western-inspired trends, has caught the eye of Swiss chocolatier Läderach, which controls about 5% of the entire Swiss chocolate market.

'India will become auto technology provider to the developing world'

However, our manufacturing industry is yet to become globally competitive, says Maruti Suzuki chairman

'We'll lift Zee stake to 26%; no plan to raise external funds'

Five years since Zee Entertainment persuaded lenders not to classify its debt as default, the media giant is facing pressure to oust its promoter family, after an aborted merger with Sony Pictures in India. In an interview, founder Subhash Chandra said his son Punit Goenka, who heads Zee, is the right person to lead it in the future as well, as he aims to raise the family’s stake in Zee from 4% to 26%. Edited excerpts:

JSW Steel expects local sales, exports to rise in March qtr

A midst a recovery in global steel prices and the upcoming general elections, JSW Steel maintains an optimistic outlook for the domestic steel market for the fourth fiscal quarter, expecting a notable uptick in steel volumes, Jayant Acharya, joint managing director of the company, said in an interview.

CEAT eyes replacement tyre mkt growth, aided by PV sales

Tyre maker CEAT Ltd is looking to cash in on the growth of passenger vehicles sales in India, which will boost demand in the replacement market going forward, according to the company managing director & CEO Arnab Banerjee.